Shared Flashcard Set

Details

Have It Your Way
MK004
23
Marketing
12th Grade
09/05/2013

Additional Marketing Flashcards

 


 

Cards

Term
Advertising
Definition
Any paid form of non personal presentation of ideas, goods, or services
Term
Customers
Definition
The people who buy goods and services
Term
Durable goods
Definition
Tangible items that should last a long time
Term
Economy
Definition
The system in which people make and spend their incomes
Term
Feature
Definition
A fact about or characteristic of the product
Term
Advertising
Definition
Any paid form of non personal presentation of ideas, goods, or services
Term
Customers
Definition
The people who buy goods and services
Term
Durable goods
Definition
Tangible items that should last a long time
Term
Economy
Definition
The system in which people make and spend their incomes
Term
Feature
Definition
A fact about or characteristic of the product
Term
Goods
Definition
Tangible objects and materials
Term
Marketing
Definition
The activities set of institutions, and processes for creating, communicating, delivering, and exchanging offerings that have value for customers, clients, partners, and society at large
Term
Marketing concept
Definition
A philosophy of conducting business that is based on the belief that all business activities should be aimed toward satisfying customer wants and needs while achieving company goals
Term
Non-durable goods
Definition
Tangible items that are consumed within a short time
Term
Personal selling
Definition
The form of promotion that determines client needs and wants and responds through planned, personalized communication that influences purchase decisions and enhances future business opportunities
Term
Planning
Definition
The management function of deciding what will be done and how it will be accomplished
Term
Pricing
Definition
A marketing function that involves determining and adjusting prices to maximize return and meet customers’ perceptions of value
Term
Producers
Definition
The people who make or provide goods and services
Term
Product
Definition
Marketing element referring to what goods, services, or ideas a business will offer its customers
Term
Publicity
Definition
Any non personal presentation of ideas, goods, or services that is not paid for by the company or individual that benefits from or is harmed by it
Term
Sales promotion
Definition
Promotional activities other than advertising, personal selling, and publicity that stimulate customer purchases
Term
Services
Definition
Intangible activities that are performed by other people for money; productive acts that satisfy economic wants
Term
Standard of living
Definition
The general conditions in which people live; quality of life
Supporting users have an ad free experience!